| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $360M | $341M | $312M | 5.4% | 15.2% |
| Op. Income | $57M | $60M | $48M | -5.6% | 18.2% |
| Gross Margin | 35.0% | 37.0% | 36.1% | -2.0pp | -1.1pp |
| Net Margin | 10.2% | 11.2% | 10.6% | -1.0pp | -0.4pp |
| EPS (Diluted) | $0.36 | $0.38 | $0.33 | -5.3% | 9.1% |
| Free Cash Flow | $31M | $32M | $46M | -3.0% | -33.3% |
| Item | Amount |
|---|---|
| REVENUE | $360M |
| Cost of Revenue | $234M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $303M |
| OPERATING INCOME | $57M |
| Interest Income | $701.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $7M |
| EBIT | $55M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $360M |
| Cost of Revenue | $234M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $303M |
| OPERATING INCOME | $57M |
| Interest Income | $701.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $7M |
| EBIT | $55M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $491.0K |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$495.0K |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $669.0K |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$207.0K |
| NET CASH FROM FINANCING | -$50M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $0 |
| Net Receivables | $157M |
| Inventory | $164M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $444M |
| PP&E (Net) | $55M |
| Goodwill | $590M |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $75M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $104M |
| Long-Term Debt | $299M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $172M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $505M |
| TOTAL LIABILITIES | $609M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $562M |
| Treasury Stock | -$78M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $335M |
| Net Debt | $231M |
